Premier Equities, Jenel Real Estate and others pay $12M to Kenneth Kahn’s Kenart Realties for commercial condos in East Village

Premier Equities, Jenel Real Estate and others through the entity YJ 835 Broadway LLC (and others) paid Kenneth Kahn’s Kenart Realties’s Broadway-13th Associates, L.P. $11.5 million for four commercial condominium units at 835 Broadway in East Village. The deal closed on November 21, 2019, and was recorded on November 27, 2019. The property is 8,974 square feet.
The average sale price per square foot is $1,281.
The estimated cap rate is 3.1%
The Premier-led buyers acquired the four commercial condo units in the mixed-use building that has seven residential units. Kahn is a part owner of the diamond business-focused building 580 Fifth Avenue. Premier and Jenel were part of a venture that recently sold a retail condo to Acadia Realty Trust for $12 million.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link